Bitcoin ATM maker Diamond Circle has installed its first kiosk at a cafe in Queensland, Australia.
The system works by dispensing Diamond Circle cards, which cost $5 and each contain a bitcoin wallet. As well as dispensing cards, the ATM can also be used to top up and check users’ bitcoin balances.
The company says its debit cards are linked to users’ credit cards at local exchange rates, allowing for instant bitcoin purchases. It added in a statement:
The platform is also designed to reduce the risk of chargebacks and can comply with different AML/KYC requirements depending on its jurisdiction.
NFC functionality, SMS remittances
The company is also working on a new feature that could be used to perform remittances, as well as new NFC enabled point of sale systems.
Diamond Circle's remittance function will allow users to send bitcoins to anyone via SMS text message. The company says the cards feature Apple SDK compatibility and at some point they could also use NFC on Apple devices. For the time being, however, Apple’s NFC functionality is limited to Apple Pay.
The company added that it will shortly begin work on new point of sale (POS) applications which will allow bitcoin purchases and balance checking from a wide range of NFC enabled devices, including Android phones, online gateways and corporate wallets.
It also announced plans to sell card readers which can be used at gas stations, parking meters, mass transit services, taxi cabs and by the local merchants.
Australia's love of bitcoin
Of course, this is not the first bitcoin ATM in Australia. A number of establishments have installed similar machines this year and as many as a third of Lamassu's ATMs shipping in late 2013 were headed to Australia.
CoinDesk's Bitcoin ATM Map currently lists 15 active bitcoin ATMs in the country and nearly all of them are located in Melbourne, Sydney, Canberra and Brisbane.
With a population of 23 million, Australia currently boasts more ATMs than Britain, France, Germany and all other countries except Canada and the US.
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